Using The Anniversary Method
The anniversary date method causes the bill segment end date to be calculated based on the first day of service. For example, if a contract started on the 16 th of some month, the ongoing bill segments will start on roughly the 16 th of each month. This method is frequently used to bill for garbage or cable service. When using this method, you also define the applicable billing frequency (i.e., monthly, bi-monthly, quarterly, etc.).
The following table contains the bill periods for a contract's starting on 23-Feb-99 that uses a monthly frequency.
Start Date | End Date | Billing Days |
---|---|---|
23-Feb-99 | 25-Mar-99 | 30 |
25-Mar-99 | 25-Apr-99 | 31 |
25-Apr-99 | 25-May-99 | 30 |
25-May-99 | 25-Jun-99 | 31 |
25-Jun-99 | 25-Jul-99 | 30 |
25-Jul-99 | 25-Aug-99 | 31 |
25-Aug-99 | 24-Sep-99 | 30 |
24-Sep-99 | 24-Oct-99 | 30 |
24-Oct-99 | 24-Nov-99 | 31 |
24-Nov-99 | 24-Dec-99 | 30 |
24-Dec-99 | 24-Jan-00 | 31 |
24-Jan-00 | 23-Feb-00 | 30 |
23-Feb-00 | 25-Mar-00 | 31 |
Note:
Future and Past End Dates. It's important to be
aware that anniversary billing can generate end dates that are in
the future or in the past. The future-option generates the next anniversary
date after the current date. The past-option generates the anniversary
date that immediately precedes the current date.
The contract's contract type indicates if the contract uses this method, and if so, the billing frequency.
Fastpath: For more information about the contract type
attributes that control this method, refer to Setting Up Contract Types.